Grayscale Ethereum Trust (NYSEARCA:ETHE – Get Free Report) gapped down before the market opened on Friday . The stock had previously closed at $16.71, but opened at $15.79. Grayscale Ethereum Trust shares last traded at $15.66, with a volume of 856,000 shares.
Grayscale Ethereum Trust Stock Performance
The business has a 50-day simple moving average of $21.17 and a 200-day simple moving average of $23.93. The company has a market cap of $2.28 billion, a price-to-earnings ratio of 1.61 and a beta of 3.40.
About Grayscale Ethereum Trust
The Grayscale Ethereum Trust ETF (ETHE) is an exchange-traded fund that mostly invests in long eth, short usd currency. The fund is passively managed, offering exposure to the daily USD spot price of ether (ETH). An investment in the fund is not a direct investment in ether. ETHE was launched on Dec 14, 2017 and is issued by Grayscale.
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